2026-01-18 18:25:38

When talking about the Dusk Foundation project, many people are easily captivated by concepts like zero-knowledge proofs and verifiable privacy. The technology itself is fine, but there's a deeper issue—what truly matters is not how beautiful the code is, but whether anyone is actually using it in the real world.

The mainnet has been running for some time. Looking at on-chain data, the total number of transactions has exceeded one million. Sounds pretty good? But compared to other mainstream public chains, this scale isn't that large. More importantly, for decentralized identity and compliance modules, although proposals have been approved, the number of calls to on-chain compliant contracts hasn't even reached five figures. What do these cold, hard numbers tell us? They indicate that the path of "compliant privacy finance" is far from as urgent as everyone thinks.

From the perspective of the DUSK token, it's also quite interesting. The total supply is 1 billion tokens, with roughly half in circulation—about 500 million. This suggests that the incentive mechanism is still in the exploratory stage. If large institutions were truly using this network at scale, token consumption, staking, and fee revenue should be more solid and stable.

Looking at it from another angle, the biggest problem Dusk faces isn't technical difficulty at all. What truly proves whether a project has value isn't a beautiful architecture diagram, but the real, sustained growth in usage footprints on the chain. The current data volume isn't enough to support the conclusion that "institutional-grade compliant privacy finance has become an urgent need." Compared to some mature DeFi or cross-chain projects, the gap is quite obvious.

So, the technical direction Dusk is taking may indeed be "an unavoidable topic of the future." But at this stage, the market hasn't provided enough data signals to show that this problem is urgent enough to require its solution. Insufficient data support makes it difficult for this demand to ferment into genuine value growth.

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ChainSherlockGirl

· 7h ago

Data doesn't lie. A million transactions sound impressive, but compared to mainstream public chains, it's just a little brother. Five-figure compliant calls are even more awkward... This is the real truth. --- It's another "future topic." Nobody's using it now. I've come clean—I'm tired of this routine. --- Are the incentive mechanisms still being explored? A circulation of 500 million compared to a total of 1 billion—what about institutional big players? Why don't wallet addresses see an increase? --- To put it simply, no matter how beautiful the technology or how elegant the code, if there's no activity on the chain, it's just a PPT project. Dusk's data indeed can't support the word "urgent need." --- Is compliant privacy finance a false demand or a real one? Just look at the call data. A five-figure achievement... I'm a bit speechless. --- Every time, they say "the market will discover it in the future," but before the market discovers it, someone has to use it first. Right now, this hype doesn't match the grand narrative.

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SerumSqueezer

· 7h ago

Millions in transactions sound impressive, but compared to other public chains, it's really nothing. Five-figure compliant calls are even more laughable. Data is king; no matter how beautiful the architecture, it needs users. The current situation of Dusk is just theoretical talk. Incentives are still being explored, and only half of the tokens are in circulation. That says it all—no institutions are truly using it. Privacy compliance is indeed the future direction, but the market hasn't yet sent out demand signals. This gap is obvious at a glance. Zero-knowledge proofs sound sexy, but on-chain active data is the true mirror—this time, it has been fully exposed.

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BitcoinDaddy

· 7h ago

Basically, no matter how advanced the technology is, someone has to use it. A million in trading volume is just a joke compared to top public chains. This compliant contract call hasn't even broken five figures? I just lol. Who told me that there was a real need? Tokens are still in the exploration and incentive stage. It's obvious that institutions haven't really stepped in yet. What does this tell us? You can interpret it yourself.

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SchroedingerMiner

· 7h ago

Million-level trading volume sounds impressive, but next to mainstream chains, it's just a little brother. --- So no matter how advanced the technology is, if no one uses it, it's all pointless. --- Compliance contract calls haven't even reached five figures; these numbers don't lie. --- Only half of the billion tokens are in circulation, and with this level of incentives, it's really hard to move anything. --- The true value should be reflected in on-chain data, not just hype in the whitepaper. --- Future challenges are not the same as current urgent needs; these two must be distinguished. --- Every time it's "the next-generation privacy solution," but where are the real applications? --- Institutional-level demand hasn't shown up yet, and token economics can't hold up; how do we play this? --- Almost there. Instead of focusing on architecture, it's better to watch whether usage data starts to pick up. --- Zero-knowledge proofs sound high-end, but the market wants real activity with genuine engagement.

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MondayYoloFridayCry

· 7h ago

A million transactions sound like a lot, but in the entire on-chain ecosystem, it's really not impressive. Compliance contract calls haven't even reached five figures, which is quite outrageous. No matter how advanced the technology is, if no one uses it, it's pointless. Dusk's situation is a bit awkward. Token circulation is only half, indicating that people aren't that optimistic about it. Just being honest. Feels like we've been fooled by the ZK concept, but can on-chain data lie?

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OnchainDetectiveBing

· 8h ago

Millions of trading pairs are simply not enough to compare to mainstream public chains. Compliance contract calls haven't even reached five digits, which is a bit awkward. To put it simply, the demand isn't that urgent. No matter how beautiful the technical architecture is, if no one uses it, it's all in vain. Token circulation is only half complete, and institutions haven't scaled up at all. This data clearly indicates the trend. Future topics, right? But currently, market signals are insufficient. Having a direction without real growth makes it very difficult. How to put it, being technically impressive doesn't mean the market needs you. On-chain footprints are the real hard currency.

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